Representing a 33.6 increase over prior year, it was driven by strong performance in service revenue from Voice, Data and Mobile Money.
Mr
He said as new lines of revenue continued to grow much faster than the traditional business, voice revenue's contribution to service revenue decreased from 46.3 per cent to 45.0 per cent.
Data revenue's contribution to service revenue expanded from 26.3 per cent to 28.4 per cent on the back of the introduction of high-speed internet to homes and to small and medium-sized enterprises (SMEs) by MTN turbonet, which sold over 50,000 units.
Mobile Money revenue continued to grow strongly up 28.0 per cent year-on year, attributable to an increase in the number of active subscribers, increased transactional activity of person-to-person (P2P) transactions as well as good growth in more advanced services, such as retail merchant payments and international remittances.
The company he said would also drive down operational cost while efficiently investing in capital expenditure to optimise network performance.
"We are upbeat about our compelling investment case as we continue to maintain a strong position in our market with strong revenue growth and leadership in core service delivery," he said.
Currently,
Despite the gains, the CEO said the MTN continued to experience issues impacting on quality of service to customers, including the lingering fibre cut menace and instability of national power grid to power our cell sites.
He said together with the Ghana Telecommunications Chamber, the company continues to proactively engage all relevant stakeholders and regulatory agencies to support in resolving the challenges that are affecting the entire Industry.
On COVID-19,
Board Chairman, Mr
The Board recommended a final dividend of four pesewas per share, bringing the total dividend for the year 2019 to six pesewas per share, which was approved by the shareholders.
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